invest1 distinct publisher
Shorting bonds needs three forecasts to land at once, and pays rent while you wait
The consensus trade against fixed income is an unhedged bet on direction, size and timing together. Today's coupon and convexity price that bet at roughly six to one against the short.
Publishers:awealthofcommonsense.com
Reality
- Evidence32
- Adoption
- Insufficient
- Hype gap+18
- Incentives58
- Confidence38